Despite fears about China’s financial stability, UBS is positive on Chinese financials this year, its head of China strategy explained Tuesday. “There’s less worry about financial stability in China because a lot of other sectors are doing well,” Gao Ting told CNBC on the sidelines of the UBS Greater China Conference. Sectors dealing with over-capacity […]

Foreign companies offering driverless technology may not do so well in China, the world’s largest electric vehicle market. “If foreign companies want to install autonomous driving systems in domestic cars, it might raise national security issues,” said Harry Hu, chief operating officer and acting chief financial officer at Pony.ai, a start-up focused on artificial intelligence […]

North Korea said during rare talks with the South it will send a delegation of high-ranking officials, athletes and a cheering squad to the Pyeongchang Winter Olympics in South Korea next month, a senior South Korean official said on Tuesday. Seoul proposed inter-Korean military talks to reduce tensions on the Korean peninsula and a reunion […]

Tesla is gearing up to manufacture its cars in China, but one of its primary competitors there says it isn’t sweating the competition. Louis Hsieh, CFO of Chinese electric vehicle start-up Nio, told CNBC Tuesday that he firmly believes his company is up to the challenge posed by Elon Musk’s barrier-breaking car company. China has […]

The subdued growth in wages amid an expanding economy and declining unemployment has puzzled many, but one economics professor said he may have an explanation for that phenomenon. The answer lies in automation, according to Christopher Pissarides from the London School of Economics. He explained that technology has helped certain segments of the workforce do […]

Investors are eagerly awaiting another “connect” program that will allow them to invest in the Chinese market as exchange-traded funds become the next product to join the party, a China stocks expert said Tuesday. Following launches of the Shanghai– and Shenzhen-Hong Kong Connect programs in the last few years, Chinese regulators now have plans for […]

Chinese education start-up Liulishuo has developed what it calls the world’s first artificial intelligence English teacher. After years spent gathering data on Chinese people speaking English, the firm employed deep learning to create personalized English courses powered by AI. Available on the firm’s mobile app, the courses were launched in 2016 and boast around 50 […]

North and South Korea kicked off their first formal talks in more than two years on Tuesday, brought together by sport to discuss how the North’s athletes can attend next month’s Winter Olympics in the South despite simmering fears of conflict. Regardless of its narrow, primarily sporting agenda, the meeting is being closely watched by […]

Samsung Electronics on Tuesday said it was expecting record operating profit of about 15.1 trillion Korean won (about $14.13 billion) for the December quarter. That number fell short of a Reuters average forecast of 15.9 trillion won in operating profit, but it was likely up 64 percent from a year ago. Samsung also said its […]

Wall Street closed mostly higher ahead of Asia’s Tuesday trading day in a somewhat quiet session that saw the euro slide. U.S. stocks closed mixed on Monday. With no major data released stateside overnight, investors there looked to quarterly earnings releases due at the end of the week. Several major U.S. banks, including J.P. Morgan […]